IndusInd Bank ties up with online payment solution firm PayU India

The partnership is aimed at bridging the gap between conventional banking and new online payment systems.MUMBAI: IndusInd Bank has tied up with online payment solution firm, PayU India. This will help provide customers the full suite of consumer banking products online as well as payment innovations. The partnership is aimed at bridging the gap between conventional banking and new online payment systems.

"While the Indian consumers have accepted online payment systems and seamless modes of online payment like mobile wallet, with open arms, the trust they have in the Indian banking system remains unmatched. With this partnership, we are bringing the cutting edge online payments technology and a bouquet of conventional banking services," said Shailaz Nag, COO and Co-founder, PayU India.

"Through this tie-up, the bank’s experience will be leveraged to tap and redefine the rapidly growing digital financial space for both retail and business customers,” said Sumant Kathpalia, Head, Consumer Banking, IndusInd Bank.

The partners will make announcements about the new products and services in the next 4-6 months. The collaboration will help create co-branded digital consumer banking products that will revolutionise the way digital banking and payments have shaped up and is expected to attract new customers across demographies.